StockMarketWire.com - RA International Group, which provides services to remote locations in Africa and the Middle East, posted a 6% rise in adjusted profit as contract wins boosted sales.

Pre-tax profit for the year through December fell 20% to $10.0m, mostly owing to IPO costs.

Revenue rose 7% to $54.8m, helping underlying profit climb 6% to $13.3m.

RA, which listed in London last June, declared a final full year maiden dividend of 1.0p per share.

'2018 was a year of progress for the group as we secured the additional funding required to achieve our strategic objectives and take our business to the next stage of growth,' chief executive Soraya Narfeldt said.

'The board believes that the prospects for RA are as strong as ever and remains confident that the group's momentum will continue throughout 2019 and we look forward to another year of progress.'


At 10:03am: [LON:RAI] RA International Group Plc share price was +2.7p at 39.2p



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